$Mara(MARA.US)$CleanSpark(CLSK.US) Mining stocks are indeed the same as before. BTC has broken through 110K, but mining stocks are not even half of last year's high, proving that no big money is willing to invest in this business long-term, only short-term speculation and arbitrage.
What's even more bizarre is that while BTC prices continue to rise, the net assets per share of MARA and CLSK are actually lower than last quarter (both of them follow the coin-hoarding strategy). It's unclear whether management diluted shares further or sold assets. In any case, in my view, this is just milking naive investors to keep the company afloat, especially when the company hasn't developed any new businesses.
So I advise old friends who are still holding on, as well as new friends who just got into this, mining stocks are really not suitable for long-term value investing—they have neither a clear "prospect" nor a clear "bottom line." Even for short-term arbitrage, you can't guess when big money will hype it or dump it. It's pretty much no different from gambling.
$Mara(MARA.US)$CleanSpark(CLSK.US)Just took a look at these two mining stocks that previously caused me heavy losses. They've been performing quite well recently with BTC's strong rebound. But I don't regret my decision to cut losses and switch positions at all—mining stocks' volatility just doesn't suit my style, making it impossible for me to hold them long-term with peace of mind.
$Tesla(TSLA.US)Recently, the funds I deposited have been arriving gradually. I originally planned to buy the dip on TSLA, but it seems there might be no chance for now. Coincidentally, Longbridge finally allowed me to open an SG account, so my new funds will likely go directly into BTC $iShares Bitcoin Trust ETF(IBIT.US). Let's see if the market gives me an opportunity. (A little rant: If Longbridge had let me open an SG account earlier to invest directly in BTC, I wouldn't have suffered losses and could've even made decent profits 🤣)
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